Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in May 1954, 72 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nysarc Inc reported income of $23.2m and spending of $22.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.0m to $23.2m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nysarc Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Lincoln Hall ($23.2m), Swla Center for Health Services ($23.3m) and Prescott College Inc ($23.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $376k (1.7% of expenses). Other salaries and wages came to $14.9m. At year end it held assets of $16.5m against liabilities of $2.4m, net assets of $14.2m. It reported 510 employees.